15 Leumeah StreetMount Gambier SA 5290
Property Details for 15 Leumeah St, Mount Gambier
15 Leumeah St, Mount Gambier is a 4 bedroom, 2 bathroom House with 15 parking spaces and was built in 1960. The property has a land size of 2800m2 and floor size of 294m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Mount Gambier in the last 12 months.
Last Listing description (December 2023)
EXPRESSIONS OF INTEREST CLOSING FRIDAY 24TH NOVEMBER 2023 AT 12 NOON (if not sold prior)
A prime investment opportunity is waiting to be discovered by a savvy investor. Diversify the income with mixed tenant options. Nestled in a no through traffic location that's ideally accessible by heavy vehicles, this property offers not just one, but five exceptional avenues of income over three land titles. Combination of residential and industrial utility, each contributing you on-going financial security.
The Residence, offers, four bedrooms, two living areas, two bathrooms, kitchen & dine, work from home spaces all presented to a modern standard. With a delightful private & secure rear garden with established trees and gardens with an undercover entertaining area and several shedding and carport options. The home has gas appliances (hot water and cook top) with town gas supplied to the property, slow combustion wood heating, reverse cycle split system air conditioning plus timber and carpet flooring.
Not just one, but five individually leased sheds, mixture of storage and business operations.
Shed 1, leased for $1310.00pcm incl. gst - this main shed contains air-conditioned office facilities and a toilet.
Shed 2, leased for $953.33 pcm incl. gst.
Shed 3, leased for $1072.50pcm incl. gst
Shed 4, leased for $541.66pcm incl. gst
Shed 5, leased for $476.66pcm incl. gst
Located at the end of a quiet cul-de-sac, within walking distance of a recreational reserve that includes a dog park, BMX pump track, and walking track passage through to the centre of town. There is a public high school just around the corner and a private catholic collage servicing early learning kindergarten to year 12 within a 5min walk.
Whether you're a seasoned investor looking to diversify your portfolio or a newcomer searching for a secure beginning, this unique investment opportunity with multi-income asset is your ticket to financial success.
INVESTMENT INFORMATION $75,649.80 p/a approx. 9.57% return
Extra Information:
Council Rates / $1,868.04 p/a
Emergency Services Levy / $452.6 p/a
Build Year / 1960
Land Size / Approx. 2800m2
Council / City of Mount Gambier
Zoning / Suburban Neighbourhood
Disclaimer:
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.
Property History for 15 Leumeah St, Mount Gambier, SA 5290
- 08 Dec 2023Sold for $700,000
- 27 Oct 2023Listed for Sale E.O.I closing 24.11.23 at 12pm (if not sold prior)
- 23 Dec 2021Sold for $479,000
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0About Mount Gambier 5290
The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.
Mount Gambier has 13,861 properties. Over the last 5 years, Houses in Mount Gambier have seen a 97.34% increase in median value, while Units have seen a 89.37% increase. As at 31 October 2024:
- The median value for Houses in Mount Gambier is $456,548 while the median value for Units is $332,955.
- Houses have a median rent of $430 while Units have a median rent of $305.
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